This Will Slow Things Down in the Bakken

North Dakota governor says that if Environmental Protection Agency is granted authority to regulate fracturing, he does not expect necessarily more stringent rules (don't bet on it) but that fracturing would come to a stop for two to three years while the regulations were put in place.

As the governor noted: that would put a lot of folks out of work. I'm beginning to think the current administration enjoys ten percent unemployment for some strange reason.

And that's why folks are not eager to invest in better housing in the Williston Basin.

(And, of course, with the price of oil in free fall, that won't help matters either. Maybe the boom is over.)